Tax Prep Basics for Small Business Owners

The Internal Revenue Service building in Washington, D.C. Photograph by Andrew Harrer/Bloomberg

Tax season got off to a bit of a late start this year, because of fiscal cliff legislation passed on Jan. 1, and filings are now pouring in. To help self-employed individuals and small business owners get through tax time with as little stress and hassle as possible, I checked in with Russell Fox, whose Las Vegas company, Clayton Financial & Tax, prepares returns for about 900 individuals and small business owners annually.

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